Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
An investor buys 500 shares of a mutual fund that had an NAV of $10.18 per share last year. Over the past year the fund
An investor buys 500 shares of a mutual fund that had an NAV of $10.18 per share last year. Over the past year the fund paid dividends of $0.25 per share and had a capital gains distribution of $1.35 per share. Compute the one year return from this investment if the current NAV of this mutual fund is $11.75.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started